Minnie, a Calendar Year Taxpayer, Filed a Return Correctly Showing

question 30

Multiple Choice

Minnie, a calendar year taxpayer, filed a return correctly showing a zero Federal income tax liability for last year because her Form 1040 showed various deductions and credits. For this tax year, Minnie's AGI is $120,000, and her tax liability is $20,000. To avoid a penalty for the current year, Minnie must make aggregate estimated tax payments of at least:

• A) $20,000.
• B) $18,000.
• C) $1,000 (minimum amount).
• D) $0.

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Definitions:

Brain Activity

The electrical and chemical processes occurring within the brain that enable thinking, feeling, and behavior.

Dual Processing

The theory that thought can arise in two different ways, or as a result of two different processes, often referred to as System 1 (fast, automatic) and System 2 (slow, deliberate).

Consciousness

The state or quality of awareness, or, of being aware of an external object or something within oneself.

Cortical Activation Patterns

The specific ways in which the brain's cortex is activated during various mental processes, indicating regions responsible for different cognitive functions.